Eswatini new deal beacons bright energy future for SADC
Eswantini: Following negotiations, the Government of Eswatini has signed a contract with renewable power producer Frazium Energy (FZM) for a 100 MW solar park.
Image source: Frazium Energy
Eswantini: Following negotiations, the Government of Eswatini has signed a contract with renewable power producer Frazium Energy (FZM) for a 100 MW solar park.
The contract allows FZM to operate the large scale solar-storage IPP project in Eswatini for 40 years. In return, FZM will invest $116.5 M over the next five years for the first phase of the project.
The photovoltaic (PV) park will be coupled with battery storage capacity and FZM estimates it will require an investment of $115 M.
The project, touted as the largest one of its kind in Africa, envisages the installation of the solar farm at the Edwaleni Hydropower Plant (HPP) in Matsapha, central Eswatini.
Planned to span an area of 45 ha (111 ac), it will be equipped with 75,000 solar PV panels to produce more than 100 M kWh of electricity annually. The solar park is due to be commissioned in 2022.
“We are so grateful to the government of Eswatini for their support, confidence, and belief in our vision for this project, and we are so excited for the role we can play in Eswatini’s and Africa’s green energy future,” said Frazium Energy director Robert Frazer.
The generated electricity will be supplied to countries within the Southern African Development Community (SADC).
Source: ESI Africa
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